Live Real Estate Auction - 207 E North St. Lincoln Auction - 12/11/21
Selling for the Probate Court
Live Auction 12/11/21 @ 9:00 am sharp.
207 E North St, Lincoln AR
2 bedroom possibly 3 bedroom, 1 bath. Sitting on .74 acres. approx. 1140 sqft.
Parcel ID 790-18715-000
Closing will be February 11th, 2021 due to Probate Court requirements.
Pre-bidding will be available from now until 830am the day of the sale! Winning Prebid will be submitted at the live auction at 9 am. If winning pre-bid stands, the bidder will be notified and required to sign a real estate contract and submit a non-refundable deposit of the winning bid price "winning bid is the winning bid price plus 10% Buyer's Premium, which will be the contract price." The buyer will have 24hrs. to execute the real estate contract and submit the 10% non-refundable deposit. Failure to execute the contract and submit the deposit will result in the bidder being banned from bidding on future Block Auction sales.
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing. Block Realty & Auction represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.
Buyer must make a 10% non-refundable deposit at the conclusion of bidding. Buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties sell subject to court, bank or seller approval. The court, bank or seller retains their right to bid or have someone bid on their behalf. Possession will be upon closing with filing of deed. 10% deposit will be refunded if seller defaults. Property is sold with no contingencies, buyer should conduct all inspections required by lender prior to auction. If a lender is being used, buyer should be pre-qualified.
Purchase price is amount of highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records